Attorneys James Maher and Matthew Teich represented a national bank in an acquisition financing to a Massachusetts-based real estate developer—a new relationship for the bank. This transaction involved the acquisition by the developer’s fund of a former industrial equipment supplier distribution center located in Amherst, New Hampshire, and conversion for use by a new tenant taking approximately 65% of the rentable space, with a tenant improvement and leasing commission facility for future lease-up.
Halloran Sage is presently working on a $6,000,000 loan increase to finance a building expansion and tenant improvements to accommodate a new tenant that has committed to take the balance of the existing space and the expansion space.